#CryptoCharts101 🔹 What Are Crypto Charts?

Crypto charts visually represent the historical price movement of cryptocurrencies over time. Traders and investors use them to analyze market trends, patterns, and potential future movements.

🔹 Key Types of Crypto Charts

Line Chart

Simplest form.

Connects closing prices over a set period.

Best for beginners to view general trends.

Candlestick Chart (Most Common)

Shows open, high, low, and close prices for a time period.

Each "candle" gives a snapshot of price movement.

Green/White Candle = Price increased

Red/Black Candle = Price decreased

Bar Chart

Similar to candlesticks, but uses vertical lines.

Less visually intuitive than candlesticks.

🔹 Anatomy of a Candlestick

Each candlestick represents a time period (e.g., 1 hour, 1 day):

High

|

┌─────┐

Open │ │ Close

└─────┘

|

Low

Body: Open to close price.

Wicks (Shadows): High and low prices.

🔹 Time Frames

Short-Term: 1m, 5m, 15m – used by day traders.

Mid-Term: 1H, 4H – for swing trading.

Long-Term: 1D, 1W – for investing and trend analysis.

🔹 Indicators & Tools (Basic)

Volume – Shows how much of the asset was traded. Helps confirm strength of a move.

Moving Averages (MA) – Smooth out price data to identify trends.

SMA: Simple Moving Average

EMA: Exponential Moving Average (more responsive)

RSI (Relative Strength Index) – Measures if asset is overbought (>70) or oversold (<30).

MACD – Tracks momentum and trend strength.

🔹 Support & Resistance

Support: Price level where buying interest is strong enough to prevent the price from falling further.

Resistance: Level where selling pressure prevents the price from rising.

🔹 Chart Patterns (Basics)

Bullish:

Ascending Triangle

Cup and Handle

Double Bottom

Bearish:

Descending Triangle

Head and Shoulders

Double Top

🔹 Final Tips

Start with simple indicators.

Avoid information overload.

Practice reading charts with small, risk-managed trades.

Always combine chart analysis with other research.